Saturday, May 30, 2009

Expensive hurricanes insurance leaving consumers exposed

As the 2009 hurricane season arrives, many homeowners are finding insurance is either more expensive, or harder to get as insurance carriers try to limit their exposure in high-risk areas. READ MORE

OPINION: believes this is an area that HAZUS-MH could be used to develop community wide risk assessments to help better educate the public.

Too often home owner insurance decisions are based on a poor understanding of the risk (a function of potential loss and probability of occurrence) and more on short term economics or fear based on media hype.

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